Many carriers and logistics firms in the industry are faced with recovering unpaid freight bills. Knowing your legal options can help you fight for your business interests while recovering what you owe. Examining the terms of your contract is the first step in resolving unpaid freight bills. With clearly defined payment terms, penalties for lat
Top Credit Checking Tools for Freight Brokers
Carriers and shippers must collaborate with a trustworthy freight broker. However, unpaid invoices, disputes, or even non-payments can put your business in jeopardy. A practical and effective way to assess potential freight brokers 'financial stability and payment reliability is to conduct a credit check on them.In this article, we'll discuss the
How Freight Brokers Can Overcome Cash Flow Issues and Speed Up Payments
Fragmentation and communication between carriers and shippers is a crucial part of freight brokers 'role in maintaining the smooth flow of goods across the supply chain. However, delayed payments are a common problem in the freight industry. Many freight brokers experience payment delays that are frequently caused by cash flow issues. Carriers a
Freight Broker Payment Delays Explained: The Role of Cash Flow
Fragmentation and communication between carriers and shippers is a crucial part of freight brokers 'job, which ensures the smooth flow of goods across the supply chain. However, delayed payments are a common issue in the freight industry. Many freight brokers experience payment delays that are frequently caused by cash flow issues. Carriers and
Asserting Authority: Brokers' Rights in Unpaid Bill Recovery
Unpaid bills can pose significant challenges for brokers in the freight industry, affecting cash flow and profitability. Brokers must understand the rights and responsibilities that come with collecting unpaid bills while maintaining their level of professional integrity. In this article, we explore the key facets of brokers 'responsibilities and